Targeting the Architecture of Russia’s Financial System Beijing has officially maintained a neutral stance over the Ukraine war, but it remains an economic lifeline for Russia, deepening trade ties that have helped Russian President Vladimir Putin stabilize his economy despite Western sanctions. The State Department said the latest measures target seven China-based entities that have supplied goods aiding Russia’s war in Ukraine, Belarus-based entities and others based in the U.A.E, Turkey, Kyrgyzstan, Moldova and Singapore that have supplied dual-use goods to Moscow. Earlier this year, The Wall Street Journal reported that drones and U.S.-made computer chips were increasingly flowing to Russia from China through Central Asian trade routes snaking through former Soviet republics like Kyrgyzstan. Washington also sanctioned companies involved in Russia’s energy projects, the metals and mining industry as well as producers of Russian weapons systems and military components. “Today's actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries,” Yellen said. Write to Mauro Orru at mauro.orru@wsj.com
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